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cinr11

posts: 2

Oct 17, 2008 3:41 PM ET Quote Report Abuse

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Hello Everyone,

I am looking to open a retail online. I have 2 different vendors that I will be working with. My questions is does anyone have a system for a master sheet. Meaning the wholesale price and your markup price. Do you have a sheet for each vendor and everything is all in one? Do you have your markup price with the wholesale price there. I have no idea how to set it up/// Any ideas will be great!................

barose

posts: 108

Oct 17, 2008 7:25 PM ET Quote Report Abuse

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I currently have three vendors for my store at http://www.greenandchic.com and several others I am considering adding on when my site takes off. All of the vendors gave me the wholesale price and the suggested (most of the time, required) retail price which is usually very close to 50% give or take. So if I am selling a body wash for $18, I paid $9 for it. Some vendors have strick requirements because they dont want to see their products discounded on other places like Ebay.

I would ask them if they already set up suggested retail prices for their sellers and take it from there.

cinr11

posts: 2

Oct 17, 2008 7:53 PM ET Quote Report Abuse

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barose,

I think you might of misunderstood me. I`m new to this e-commerce business. So, My question was if you have a system for your prices. How do you keep track of all the vendor prices with your markup prices. I am trying to figure out how to organize everything. What do you think is the best way? Thanks in advance

barose

posts: 108

Oct 17, 2008 8:06 PM ET Quote Report Abuse

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Sorry about that! I use a pretty simple Excel spreadsheet to keep track of my prices - something I can view at a glance. I am pretty new to all of this mysel so I`m sure others have better advice. :)

minimegeology

posts: 143

Oct 19, 2008 9:23 PM ET Quote Report Abuse

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I think if you are just getting started that Excel works well. There isn`t any right or wrong way to do it. Just make a sheet with the information that you will want to know and since Excel is so versatile, you can always modify the file. I made one with things like: vendor name, website category, wholesale price, shipping costs, markups, retail costs, item number, product weight, projected profit per item and number I have in inventory. You can use the Excel "sort" feature to view them by vendor or category depending on what you want to see. I hope this helps.

Tracy

-------------------------

Tracy Barnhart, Owner
Giverny, Inc. / Mini Me Geology
http://www.GivernyOnline.com
http://www.MiniMeGeology.com

rfdatagroup

posts: 35

Oct 19, 2008 10:19 PM ET Quote Report Abuse

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Also you may want look at Quick Start from quickbooks.

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